Episode 325: That art collection is nice! Now about the costs....

This episode examines a recent article from The Wall Street Journal (subscription required) titled “The Hidden Costs of Being a Collector.” Many people seek to become collectors of art, wine, and precious metals, to name a few, either as a hobby or as part of building personal wealth. At the same time, most collectors don’t understand the full costs associated with building a collection. Costs can include security, storage, and insurance. As a collector, you want to understand what you are getting into because the cost might be higher than you think. A link to the article is included below. 

Link: The Hidden Costs of Collecting: Beyond the Price Tag of Wine, Art, & More - WSJ